Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has amended paragraph (d) in article no. 42 of the registration and listing rules.
“The issuer must provide CMA and announce to the shareholders its interim financial statements as soon as they have been approved and within a period not exceeding 30 days after the end of the financial period included in such financial statements,” the CMA said on its official website.
It also amended paragraph (e) in the same article, stating that the issuer must provide the CMA and announce to the shareholders its annual financial statements as soon as they have been approved and within a period not exceeding 3 months after the end of the annual financial period.
These amendments will be applicable to financial statements of Tadawul-listed companies as of 1 January 2017.
